What is Serum (SRM)?
Serum is a fully functional decentralized exchange (DEX) with trustless cross-chain trading. Provides a DeFi ecosystem with fast transaction speeds & low costs.
The ecosystem is powered by the Serum utility token SRM. Used for reduced fees & staking rewards, governance. One million SRM can be stacked to create an MSRM token, which is a scarce asset that generates more rewards.
Cross-Chain Swaps – With cross-chain integration, Serum allows users to seamlessly swap BTC, ETH, ERC20, and SPL tokens. Cross-chain swaps provide the DEX with a CeFI experience.
On-Chain Orderbooks – A fully automated on-chain limit orderbook & matching engine gives traders full control over their orders. Users can submit orders with trade directions, prices and sizes.
Leveraged Trading (Contracts) – Decentralized, non-custodial leveraged trading can be conducted for any Serum product using custom cryptocurrency contracts. Contracts can be tokenized and moved across the blockchain.
Serum is built on Solana, providing a DEX with the speed & convenience of a centralized exchange while remaining fully trustless & transparent.
WEBSITE: https://projectserum.com/
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